Free Markets, Free People
Economic Statistics for 7 Mar 13
The following US economic statistics were announced today:
Initial jobless claims fell 7,000 to 340,000. The 4-week average fell 7,000 to 348,750. Continuing claims fell 37,000 to 3.122 million, a recovery low.
The US trade gap widened to a greater-than-expected $-44.4 billion. Exports fell 1.2%, while imports rose 1.8%.
The final revision for 4th quarter 2012 shows non-farm productivity fell -1.9%, while unit labor costs rose 4.6%.
The Bloomberg Consumer Comfort Index continues to rise, up 0.4 points to -32.4 in the latest week. The index has gained 5.1 points since January.
The Challenger Job-Cut Report lists 55,356 layoffs in February, up from 40,430 in January. This may be a negative signal for tomorrow’s Employment Situation.